Business News • MarketWire • H&R Block Responds to DOJ Decision on TaxACT Merger |
H&R Block Responds to DOJ Decision on TaxACT Merger |
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H&R Block Responds to DOJ Decision on TaxACT Merger
KANSAS CITY, MO--(Marketwire - May 23, 2011) - H&R Block, Inc. (NYSE: HRB) announced in October 2010 its plans to acquire all the outstanding shares of 2SS Holdings, Inc., the Cedar Rapids, Iowa-based developer of TaxACT digital tax preparation solutions. This strategic merger would combine the H&R Block At Home digital business with TaxACT to form a single unit led by the TaxACT management team in Cedar Rapids, Iowa. Both brands would continue to operate in the marketplace. Today, the Department of Justice (DOJ) filed a civil antitrust lawsuit to block the proposed acquisition.
View More : http://www.marketwire.com/mw/release.do?id=1517901&sourceType=3
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